Focus Partners Increases Stake in D.R. Horton to $1.26 Million

Focus Partners Advisor Solutions LLC has significantly increased its investment in D.R. Horton, Inc. (NYSE:DHI), raising its stake by an impressive 172.3% in the third quarter of 2023. According to the firm’s most recent Form 13F filing with the Securities and Exchange Commission, Focus Partners now holds 8,134 shares of D.R. Horton, valued at approximately $1.26 million. This growth stems from acquiring an additional 5,147 shares during the period.

A number of other institutional investors also engaged in trading D.R. Horton shares recently. For instance, Concord Wealth Partners purchased a new stake valued around $25,000, while Canton Hathaway LLC acquired shares worth approximately $26,000. Additional investors include Steigerwald Gordon & Koch Inc. and Twin Peaks Wealth Advisors LLC, who bought new positions worth about $27,000 and $29,000, respectively. Hedge funds and institutional investors now collectively own 90.63% of D.R. Horton’s stock.

Stock Performance and Financial Overview

On January 20, 2024, shares of D.R. Horton opened at $147.45. The company has experienced a 52-week low of $110.44 and a high of $184.54. Currently, D.R. Horton boasts a market capitalization of $42.72 billion, with a price-to-earnings (P/E) ratio of 13.39 and a P/E growth (P/E/G) ratio of 2.32. The firm’s debt-to-equity ratio stands at 0.23, while its quick ratio is 0.98 and its current ratio is 6.63.

D.R. Horton reported its quarterly earnings on January 20, revealing earnings per share (EPS) of $2.03, surpassing the consensus estimate of $1.98 by $0.05. Despite a net margin of 9.95% and a return on equity of 13.51%, revenue for the quarter was $6.89 billion, a decline of 9.5% compared to the same period last year.

Dividend Announcements and Insider Trading

Recently, D.R. Horton declared a quarterly dividend of $0.45, which was paid on February 12, 2024. Shareholders of record as of February 5 received this payout, representing an annualized dividend of $1.80 and a yield of 1.2%. The company’s dividend payout ratio is currently 16.35%.

In related news, Senior Vice President Aron M. Odom sold 260 shares of D.R. Horton stock on February 13, 2024, at an average price of $167.55, resulting in a total transaction value of $43,563. After the sale, Odom retained 6,457 shares, valued at around $1,081,870.35, reflecting a 3.87% decrease in his ownership.

Analysts’ Ratings and Price Targets

Analysts from various research firms have recently revised their price targets for D.R. Horton. Citigroup lowered its price objective from $163.00 to $154.00, maintaining a “neutral” rating. Similarly, Barclays decreased its target from $132.00 to $129.00 and assigned an “equal weight” rating. Truist Financial set a target price of $155.00 with a “hold” rating. Overall, four analysts have issued a “buy” rating, nine have given a “hold” rating, and four have rated the stock as a “sell.” The average target price among analysts stands at $159.93.

D.R. Horton, founded in 1978 by Donald R. Horton, is a leading national homebuilding company specializing in the design, construction, and sale of new residential properties across the United States. The company’s core operations focus on single-family homes, townhomes, and condominiums, while also providing services related to mortgage, title, and closing processes through its subsidiaries.